India, June 20 -- Update | June 20, 10:04 PM

The IPO of B2B ecommerce company ArisInfra Solutions closed with an oversubscription of 2.65X, with investors bidding for 3.47 Cr shares as against 1.31 Cr shares on offer.

The portion reserved for retail investors was subscribed the most at 5.59X, getting bids for 1.33 Cr shares against the 23.79 Lakh shares on offer. Non-institutional investors (NIIs) trailed retail investors in terms of subscription. They placed bids for 1.12 Cr shares as against the 35.69 Lakh shares reserved for them, translating to 3.14X subscription.

Qualified institutional buyers' (QIBs) quota saw 1.42X subscription, receiving bids for 1.02 Cr shares against the 71.37 Lakh shares on offer. In this, the highest intere...